Global Economy Watch: International Energy Agency Orders Accelerated Emergency Diesel Releases as Global Fuel...
What Happened
The world's leading industrialized economies have agreed to accelerate emergency fuel releases in an effort to contain record diesel prices and prevent the...
Global Watch: Houthis Strike Yemen’s Presidential Palace, Killing Two as Regional War Escalates
What Happened.
Iran-backed Houthi forces launched a missile attack against the presidential palace complex in Aden on Thursday, October 15, killing two security guards in...
Global Economy Watch: U.S. Wholesale Inflation Surges to Four-Year High, Deepening Global Inflation Concerns
What Happened
A second major inflation surprise in 24 hours has revealed that price pressures are building throughout the American economy, raising concerns about another...
Global Economy Watch — Asian Markets Plunge as AI Selloff Triggers Emergency Trading Halt...
What Happened
The global selloff in artificial intelligence investments has intensified into a broader financial-market disruption, triggering an emergency trading halt in South Korea and...
Global Economy Watch — IMF Issues Urgent Warning as Government Borrowing Costs Reach Their...
What Happened
The world's governments are approaching a dangerous financial crossroads as historically high public debt collides with rapidly rising borrowing costs. On October 14,...
Global Economy Watch — IMF Warns the Global Economy Is Splitting Into Winners and...
What Happened
The global economy is becoming increasingly divided, with a shrinking number of countries generating nearly all worldwide economic growth. In its new World...
Global Watch: Congo’s Former President Takes Command of Rebel Coalition, Threatening Wider Civil War
What Happened.
Former President Joseph Kabila has formally assumed leadership of a new political-military coalition seeking to overthrow the government of the Democratic Republic of...
Global Economy Watch: AI’s $90 Billion Borrowing Wave Raises New Fears About Global Financial...
What Happened
A new wave of enormous borrowing plans by major technology companies is adding pressure to global bond markets already struggling with high interest...
Global Watch: Eritrean Troops Enter Ethiopia as Regional War Threat Grows
What Happened.
Troops from Eritrea have reportedly crossed into northern Ethiopia, threatening to transform Ethiopia’s renewed civil war into a direct interstate conflict. Reuters and...
Global Watch: Russia answers Ukraine’s Moscow drone barrage with one of war’s largest strikes
Russia launched one of its largest aerial attacks of the war against Ukraine early Wednesday, firing about 70 missiles along with a large wave...
Global Economy Watch: India Starts Raising Rates — The Energy Shock Is Spreading Into...
What Happened
The Reserve Bank of India has raised its benchmark repo rate by 25 basis points to 5.50%, its first increase in nearly four...
Global Watch: Ukraine launches one of war’s largest drone attacks on Moscow region
What Happened.
Ukraine launched one of the largest long-range drone attacks of the war against Russia on Tuesday, with Russian authorities saying nearly 900 drones...
Global Watch: Drone attacks sink ship off Bulgaria as Black Sea danger spreads across...
What Happened.
Two commercial vessels were struck by drones early Tuesday inside Bulgaria’s Black Sea exclusive economic zone, with the Togo-flagged Alfa Watan sinking and...
Global Watch: Civilian cargo ship sinks near Romania after suspected Russian drone strike
What Happened.
A Turkish-owned commercial vessel carrying corn from Ukraine sank in the Black Sea on Monday after being struck by what Ukraine says were...
Global Watch: Houthis seize strategic town and tighten pressure on Taiz despite new government...
What Happened.
Iran-aligned Houthi forces have captured Turbah, a strategically important town southwest of Taiz, according to local officials cited by the Associated Press, extending...
Global Watch: Ethiopian government forces capture Mekelle as Tigrayan leadership retreats
What Happened.
Ethiopian federal forces and allied militias have captured Mekelle, the capital of the Tigray region, after a rapid counteroffensive against the opposition alliance...
Global Watch: Pro-government forces say they have entered Mekelle and retaken Tigray’s main airport
What Happened.
Pro-government forces in Ethiopia say they have captured Alula Aba Nega Airport outside Mekelle and begun entering the Tigrayan regional capital, a potentially...
Global Economy Watch: Global Food Prices Reach a Nearly Four-Year High as War and...
What Happened
World food prices climbed again in September, pushing the Food and Agriculture Organization of the United NationsFood Price Index to 136.0—its highest level...
Global Watch: Congo’s Ebola outbreak passes 4,000 deaths as containment falters
What Happened.
The Ebola outbreak in the Democratic Republic of the Congo has now killed 4,018 people among 8,300 confirmed cases, according to new government...
Global Watch: Eritrea severs ties with Ethiopia as northern war widens into an interstate...
What Happened.
Eritrea has severed diplomatic relations with neighboring Ethiopia, marking a major deterioration between two states that fought together during Ethiopia’s 2020–2022 Tigray war....
Global Watch: Pakistan resumes airstrikes inside Afghanistan, killing civilians after three-month lull
What Happened.
Pakistan has carried out new airstrikes inside neighboring Afghanistan, sharply escalating tensions after roughly three months of relative calm between the two governments....
Global Economy Watch: Global Bond Selloff Breaks Another Threshold — U.S. 10-Year Yield Hits...
What Happened
The global government-bond selloff has accelerated again, pushing the benchmark U.S. 10-year Treasury yield to 5.34%—its highest level since 2002 and above its...
Global Watch: U.S. sends a third aircraft carrier and thousands more troops toward Iran
What Happened.
The United States is deploying a third aircraft-carrier strike group and roughly 9,000 additional troops to the Middle East as President Donald Trump...
Global Economy Watch: Russia Extends Diesel Export Ban as the Global Fuel Shortage Deepens
What Happened
Russia has extended its ban on diesel exports through the end of October, removing another important source of refined fuel from a global...
Global Watch: Russia launches its heaviest energy assault since last winter as NATO states...
What Happened.
Russia launched a large-scale missile and drone attack against Ukraine overnight, concentrating heavily on energy infrastructure in Kyiv and surrounding regions as temperatures...
Global Watch: Yemen’s war surges back as UN races to contain a widening Red...
What Happened.
The United Nations has launched an intensified diplomatic effort to prevent Yemen’s rapidly escalating war from expanding further across the region, with UN...
Global Watch: UN warns refugee protection system is nearing failure as 8.3 million risk...
What Happened.
The United Nations High Commissioner for Refugees has issued an unusually stark warning that its global refugee-protection system is approaching a breaking point,...
Global Watch: Myanmar airstrike on crowded Rakhine market kills at least 50
Global Story Watch — Myanmar airstrike on crowded Rakhine market kills at least 50
What Happened.
A Myanmar military airstrike on a crowded market in western...
Global Watch: U.S. military exits Iraq, ending a two-decade presence
What Happened.
The United States is completing the withdrawal of its remaining forces from Iraq, ending a military presence whose origins reach back to the...
Global Watch: Congo’s Ebola outbreak passes 8,000 cases as containment falters
What Happened.
The Ebola outbreak in the Democratic Republic of the Congo has crossed a major threshold, with government data showing 8,067 confirmed infections and...
Global Watch: Ethiopia’s Tigray peace deal collapses as major offensive opens a new war
What Happened.
A major new conflict has erupted in Ethiopia after forces from the northern Tigray region launched a large-scale offensive against the federal government,...
Global Watch: Trump publicly rejects Iran’s seven-day Hormuz peace proposal
What Happened.
President Donald Trump has now personally confirmed that the United States rejected Iran’s proposal to reopen the Strait of Hormuz and halt fighting...
Global Watch: Saudi Arabia activates joint defense framework as Houthi attacks widen the Yemen...
What Happened.
Saudi Arabia, Turkey and Pakistan are preparing an urgent meeting of their military chiefs under the Mecca Joint Defence Agreement to determine how...
Global Economy Watch: Global Bond Selloff Pushes the World’s Cost of Capital to Crisis-Era...
What Happened
A significant escalation is underway in global bond markets. The benchmark 10-year U.S. Treasury yield reached 5.145% on September 24, its highest level...
Global Watch: Pakistan strikes 10 targets inside Afghanistan as cross-border conflict escalates
What Happened.
Pakistan has launched air and drone strikes against 10 locations inside Afghanistan, a sharp escalation in the increasingly direct military confrontation between the...
Global Watch: Ethiopia’s Tigray peace deal collapses as rebels declare a new war
What Happened.
The four-year peace between Ethiopia’s federal government and the Tigray People’s Liberation Front has broken down into open warfare across Tigray and the...
Global Economy Watch: Energy Crisis Is Turning Into a Global Government-Debt Problem
What Happened
The energy shock has entered a new phase: governments around the world are increasingly absorbing the cost themselves. The number of countries directly...
Global Watch: Houthis push into Yemen’s highlands after seizing the Red Sea coast
What Happened.
Iran-aligned Houthi forces are now attempting to seize strategic high ground in southern Yemen after their rapid capture of the country’s Red Sea...
Global Watch: Al-Qaeda affiliate kills more than 100 Malian soldiers as pressure mounts on...
What Happened.
The al-Qaeda-linked Jama’at Nusrat al-Islam wal-Muslimin (JNIM) has inflicted one of the most devastating defeats suffered by Mali’s military during its long insurgency,...
Global Watch: Ethiopia’s main armed movements form alliance to overthrow Abiy government
What Happened.
Seven Ethiopian armed groups have formed a new nationwide alliance whose stated objective is to remove Prime Minister Abiy Ahmed’s government and establish...
Global Watch: Ukraine launches largest drone attack on Moscow of the war
What Happened.
Ukraine launched an extraordinary overnight drone assault against Russia, with Russian authorities reporting more than 1,000 Ukrainian drones sent across Russian territory and...
Global Watch: Saudi Arabia confirms Houthis fired ballistic missile at Riyadh
What Happened.
Saudi Arabia has now officially confirmed that Yemen’s Houthis launched a ballistic missile toward Riyadh early Saturday, resolving a major uncertainty surrounding the...
Global Watch: Russia holds first national parliamentary vote in occupied Ukrainian territories
What Happened.
Russia is holding its parliamentary election inside four Ukrainian regions it claims to have annexed—Donetsk, Luhansk, Kherson and Zaporizhzhia—for the first time since...
Global Economy Watch: Europe Joins the Rate-Hike Cycle as the Energy Shock Turns Into...
What Happened
The global interest-rate reversal has broadened sharply into Europe. Euro-area inflation accelerated to 3.3% in August from 2.9% in July, and financial markets...
Global Watch: Russia launches major assault on Ukrainian cities as proposed energy truce unravels
What Happened.
Russia launched a large overnight missile-and-drone assault across Ukraine on September 17, striking Kyiv, Odesa, Sumy and other regions with ballistic missiles, cruise...
Global Watch: Yemen displacement surges past 125,000 as humanitarian crisis accelerates
What Happened.
More than 125,000 people have now fled their homes in Yemen as Houthi forces advance along the Red Sea coast, according to the...
Global Watch: Indian and Pakistani warships collide in first direct military confrontation since last...
What Happened.
An Indian Navy warship and a Pakistani naval vessel collided in international waters in the northern Arabian Sea on September 15, prompting India...
Global Watch: U.S. secretly met Houthis as Yemen war widened around Saudi Arabia
What Happened.
U.S. officials met senior representatives of Yemen’s Iran-aligned Houthis at the U.S. Embassy in Muscat, Oman, over the weekend, five sources familiar with...
Global Economy Watch: Diesel Shortage Is Becoming a Global Economic Problem
What Happened
The energy shock has moved beyond crude oil into the refined fuel that keeps much of the physical economy running. Asian diesel refining...
Global Watch: Yemen displacement passes 100,000 as war widens across the Red Sea
What Happened.
The renewed war in Yemen has now displaced more than 100,000 people inside the country, with thousands more fleeing across the Red Sea...
